Theranos: The Most Evil Business In The World

Summary by Krater

This video tells the rise and fall of Theranos and its founder Elizabeth Holmes, detailing how the company's revolutionary blood-testing claims were built on deception, faulty technology, and a culture of fear.

From the video

Answers: How did Elizabeth Holmes and Theranos scam investors and the public with fake blood testing technology?

• Theranos rise and fall
• Elizabeth Holmes fraud
• Blood testing technology deception
• Corporate culture of fear
• Partnership with Walgreens and Safeway

What it concludes

• Theranos claimed its portable Edison machines could perform hundreds of different disease tests from a single drop of blood, but the machines rarely worked and had extremely high error rates.
• Theranos systematically deceived investors, employees, and patients by staging fake demonstrations, using third-party machines for tests, and manipulating blood samples.
• The corporate culture at Theranos relied on strict non-disclosure agreements, intimidation, and the firing of whistleblowers to prevent the truth about the technology from coming out.
• Despite internal warnings and technical failures, Theranos partnered with Walgreens and Safeway to launch in-store blood testing, putting patients' lives at risk with inaccurate results.